Vectors Research Management LLC Sells 377 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Vectors Research Management LLC lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,959 shares of the energy company’s stock after selling 377 shares during the period. Vectors Research Management LLC’s holdings in Cheniere Energy were worth $2,510,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Crewe Advisors LLC purchased a new stake in shares of Cheniere Energy in the first quarter worth approximately $26,000. MCF Advisors LLC purchased a new stake in Cheniere Energy in the second quarter worth $26,000. Lynx Investment Advisory bought a new stake in shares of Cheniere Energy during the second quarter worth $27,000. Carolinas Wealth Consulting LLC boosted its stake in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy in the third quarter worth about $27,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Trading Up 0.3 %

NYSE LNG opened at $210.61 on Friday. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $217.95. The company has a 50 day moving average price of $186.42 and a 200 day moving average price of $175.82. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The firm has a market cap of $47.25 billion, a PE ratio of 13.45 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.37 earnings per share. As a group, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LNG shares. Royal Bank of Canada lifted their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Bank of America assumed coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target for the company. TD Cowen raised their price objective on Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Stifel Nicolaus lowered their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Barclays raised their price target on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $201.89.

About Cheniere Energy

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.